Apollon Wealth Management LLC Sells 1,389 Shares of Quanta Services, Inc. $PWR

Apollon Wealth Management LLC decreased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 19.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,817 shares of the construction company’s stock after selling 1,389 shares during the quarter. Apollon Wealth Management LLC’s holdings in Quanta Services were worth $2,411,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Freedom Day Solutions LLC acquired a new position in Quanta Services in the 2nd quarter valued at $2,465,000. Mediolanum International Funds Ltd increased its position in Quanta Services by 15.5% during the second quarter. Mediolanum International Funds Ltd now owns 33,158 shares of the construction company’s stock worth $12,642,000 after acquiring an additional 4,451 shares during the period. Choreo LLC raised its stake in Quanta Services by 4.1% in the 2nd quarter. Choreo LLC now owns 7,734 shares of the construction company’s stock worth $2,924,000 after purchasing an additional 303 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Quanta Services by 0.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 606,414 shares of the construction company’s stock valued at $229,273,000 after purchasing an additional 5,670 shares during the period. Finally, Exchange Traded Concepts LLC grew its position in shares of Quanta Services by 59.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock worth $18,397,000 after purchasing an additional 16,637 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Truist Financial increased their price target on Quanta Services from $472.00 to $521.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Mizuho set a $415.00 price target on Quanta Services in a research report on Tuesday, October 28th. Weiss Ratings cut shares of Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 22nd. Jefferies Financial Group boosted their target price on shares of Quanta Services from $469.00 to $517.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Sanford C. Bernstein reduced their price target on shares of Quanta Services from $432.00 to $428.00 and set a “market perform” rating on the stock in a research report on Friday, December 19th. Thirteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and an average price target of $450.10.

Insider Buying and Selling at Quanta Services

In other Quanta Services news, EVP Donald Wayne sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $443.81, for a total value of $6,213,340.00. Following the completion of the transaction, the executive vice president directly owned 34,575 shares in the company, valued at approximately $15,344,730.75. This represents a 28.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bernard Fried sold 4,000 shares of Quanta Services stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $452.19, for a total transaction of $1,808,760.00. Following the transaction, the director owned 12,493 shares in the company, valued at approximately $5,649,209.67. This trade represents a 24.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 32,002 shares of company stock valued at $14,295,857. 1.10% of the stock is owned by insiders.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $430.83 on Tuesday. The company’s 50 day moving average price is $442.98 and its two-hundred day moving average price is $410.02. The firm has a market capitalization of $64.25 billion, a P/E ratio of 63.83, a P/E/G ratio of 2.45 and a beta of 1.14. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.34 and a quick ratio of 1.30. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $473.99.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.24 by $0.09. Quanta Services had a return on equity of 18.74% and a net margin of 3.74%.The company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter last year, the business posted $2.72 EPS. Quanta Services’s revenue for the quarter was up 17.5% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. On average, equities analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Profile

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.